Moscow’s MY BANK is planning a second bond issue, worth R1.0 billion. The decision to place securities was made at an extraordinary meeting of bank participants on November 9. Through an open subscription at the MICEX, 1 million securities with a R1,000 nominal value each will be floated. Bonds have three-year maturity. The issue provides for six semi-annual coupons. The first coupon rate, determined at an auction on the placement day, equals the second coupon rate. Rates of 4 to 6 coupons will equal the rate of the third coupon.
Source: BANKIR.RU, November 12, 2007
